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Last Updated: Monday, November 24, 2008
Walmart credit letter boosts King memorial
The Atlanta Journal-Constitution
November 21, 2008 Washington --- Financing for the planned national memorial for Dr. Martin Luther King Jr. received a major boost Thursday with Walmart Stores Inc. providing a $12.5 million letter of credit for the effort. The King National Memorial Project Foundation announced that the Walmart credit guarantee allows the group to qualify for a building permit to start planned construction on the National Mall. The foundation, which has raised $100 million, said in a statement that it plans to continue an "aggressive" effort until it has reached its goal of $120 million. Read on
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